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FUBO Stock Price Forecast: Fubotv Stock Roadmap to $5

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FUBO Stock Price Forecast: Fubotv Stock Roadmap to $5
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FUBO stock price has risen continuously for the previous 6 months. However, in recent times, the momentum slowed down and the stock price fell more than 26% in the previous 2 sessions. 

The reason behind this fall is Disney ended its blackout of programming on Charter’s spectrum. However, during this dispute, investors had high hopes for Fubotv stock regarding sports streaming. Investors assumed they would see a spike in the sign-ups and this resulted in a sudden fall.

However, it seems that the chances of bouncing back are on the higher side. Probably the stock price will take support in the 50 EMA and continue the upward trend also check Canadian Casino ZED

Currently, the FUBO stock is trading at $2.47 with a trading volume of 44.791 Million and the 10-day average volume is 20.784 Million. The current market cap of the company is $722.684 Million with 281.042 Million shares floating in the market.

The performance of the FUBO stock has been impressive throughout the year. Year to date it gave a positive return of 39.55% and a fabulous return of 100.81% in the span of 6 months. However, the momentum has slowed down recently. Despite the low momentum, the company gave a positive return of 24.75% in the 3 months and 2.49% in the last month. The performance was fabulous and showed the presence of buyers in the stock.

Furthermore, as per TradingView, the analysts are neutral about the stock and gave it a maximum target of $5.00 and a minimum target of $3.00.

Will FUBO Stock Price Break the $5 Level?

FUBO Stock Price Forecast: Fubotv Stock Roadmap to $5
Source: Tradingview

FUBO stock price witnessed a sudden fall and drop below the 200 EMA. Meanwhile, it is still trading above the 50 and 100-day EMAs, increasing the chances of bounce back.

MACD is still in the bullish region above the zero line. The MACD line is trading at 0.0785 and the signal line is trading at 0.0143 below the MACD curve.

RSI is trading at 48.71 and the 14-day SMA line is at 50.76 points. RSI is showing neutrality at the moment.

Summary

FUBO stock price is facing challenges and was down more than 18% in the last trading session. The stock price is currently trading above the 50 and 100 EMAs so it’s early to predict the direction of the trend. Moreover, the MACD and RSI are still in the Bullish region. It seems that Fubotv stock price might bounce back from the lower levels and continue the bullish momentum after this correction.

Technical Levels

  • Support Levels: S1 $2.35, and S2 $1.96.
  • Resistance Levels: R1 $3.37, and R2 $3.86.
Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions

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